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12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    Puneet and Deepak were in partnership sharing profits and losses in the ratio of 2 :1. They admitted Manya as a new partner. Manya brought Rs. 1,00,000 as her share of goodwill premium, which was entirely credited to Puneet's capital account. On the date of admission, goodwill of the firm was valued at Rs. 3,00,000. New profit sharing ratio of Puneet, Deepak and Manya:

    A) 2:1:1

    B) 2:2:1

    C) 3:2:1

    D) 1:1:1

    Correct Answer: D

    Solution :

    1:1:1


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